Monetary Economics

Monetary policy influences inflation, employment, and economic activity. A stable but dynamic monetary system is vital for supporting economic growth, individual liberty, and a prosperous society. Therefore, we examine the causes and consequences of monetary policy (including inflation), identify ideal and practical steps towards a better monetary policy regime, and look at monetary alternatives and financial regulation.

Articles

Is Inflation Back?

Gold will return to monetary preeminence not because it can or should, but because it must. Nixon’s temporary suspension will be exactly that; not because he said so, but rather because at some point there will be no other road forward.

A Tragic Half Century Without Gold Money

“Fifty years without a gold-based monetary system is not only unprecedented in human history but unfriendly to economic prosperity.” ~ Richard M. Salsman

Energy Infamy: Nixon’s 1971 Price Controls Turn 50

“The 1970s stand as one of most grievous eras in the history of energy, and public policy in general. And it happened as a byproduct of a seemingly innocuous, temporary government intervention.” ~ Robert L. Bradley Jr.

Nixon’s Gold Treachery Made Me a Cynic

“If the government continues on this path, it is only a question of time until fresh debacles result. But from the economic wreckage, a new generation of cynics may arise who do a far better job of putting politicians back on a leash.” ~ James Bovard